Alabama’s Dallas Turner and Deontay Wilder among investors in US sailing team

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World champion heavyweight boxer Deontay Wilder and University of Alabama’s Dallas Turner have joined a group of investors in the U.S. team competing in the global sailing league, SailGP. The new ownership group of the U.S. SailGP Team includes the two sports figures from Alabama, as well as individuals from the technology, sports, and media sectors.

According to Robb Report, the U.S. team will be one of 10 national teams racing 50-foot catamarans for a $4 million prize at the upcoming two-day event in Dubai, which is the seventh of 12 league faceoffs.

Australian Jimmy Spithill previously sold the team, and the new investors reportedly include tech entrepreneur Ryan McKillen and his wife Margaret McKillen. Other notable investors in the U.S. SailGP Team include actor Issa Rae, DJ and producer Gryffin, and NFL stars DeAndre Hopkins, Malik Jackson, Roquan Smith, and Kayvon Thibodeaux.

Additionally, New England Revolution striker Jozy Altidore and University of Michigan basketball’s Katelynn Flaherty Yates have also taken a stake in the team. Other investors such as Assia Grazioli, Richard Perna, and Gary Vaynerchuk are also part of the ownership group.

The exact amount of each person’s investment and the valuation of the team are unknown at this time. However, a representative for the ownership group described it as “the biggest deal in SailGP’s history.”

SailGP, launched in 2018 by Oracle chairman Larry Ellison and America’s Cup-winning skipper Russell Coutts, aims to make sailing a mainstream spectator sport through a stadium-style, high-speed racing format.

Mike Buckley, the U.S. SailGP Team’s new CEO, emphasized the unique opportunity for investors, stating, “It’s a professional sports team that happens to race sailboats at 50 to 60 miles an hour at events around the world.”

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